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When do you want to retire?

Discussion in 'General Property Chat' started by D.T., 27th Nov, 2015.

?

When do you want to retire?

  1. Already have

    15 vote(s)
    15.2%
  2. 1 yr

    2 vote(s)
    2.0%
  3. 2 yr

    5 vote(s)
    5.1%
  4. 5 yr

    20 vote(s)
    20.2%
  5. 10 yr

    34 vote(s)
    34.3%
  6. 20 yr

    15 vote(s)
    15.2%
  7. Never

    8 vote(s)
    8.1%
  1. D.T.

    D.T. Adelaide Property Manager Business Member

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  2. Hodor

    Hodor Well-Known Member

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    My goal is to be able to retire, don't think I will when I can, just reduce hours for increased time to spend doing what I want. Still 15 to 20 years away from the lifestyle I would want in retirement. Happy doing what I'm doing these days so no rush.
     
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  3. D.T.

    D.T. Adelaide Property Manager Business Member

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  4. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    Definition of - Retire, please.
     
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  5. Art Vandelay

    Art Vandelay Well-Known Member

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    I voted 20 years.. but that may throw out the results because of my age. 20 years will make me early 40's - which I believe will be achievable given my current plan.
    Retire in mind is being able to go without paid work indefinitely and live comfortably off passive income - although I imagine I will be working for myself part time by that stage.
     
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  6. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    My definition would be:
    To be able to do whatever you desire to do, whilst having the financial capacity to do so ad infinitum, without ever having to work for money again.

    I'm choosing 1 year due to winding up current business commitments.
     
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  7. D.T.

    D.T. Adelaide Property Manager Business Member

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    I'm happy for each person to use their own definition :)
     
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  8. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    Slightly edited mine, buy yeah, everybody would have their own variation on definition.
     
  9. Wall Street

    Wall Street Well-Known Member

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    Melbourne
    As an employee, the aim is retirement by 40 (11 years). A bit of work, but do-able.

    As far as properties go, I don't see any end in sight (I consider investment to be a 'job' as well as a passion).
     
  10. Blacky

    Blacky Well-Known Member

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    I ticked 2years.

    In reality it will be closer to 3-4 (you didnt give me that option).
    I didnt tick 5, as that is a mental image I simply wont entertain.

    I will be a touch over 35 (missing my goal of retire by 35).

    Blacky
     
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  11. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    I picked 5 years

    Not sure if I will though it would be too boring as I don't like spending money.

    But I would like to be in a position to retire in 5 years time
     
  12. Bayview

    Bayview Well-Known Member

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    I want to retire.....about 10 years ago.
     
  13. sash

    sash Well-Known Member

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    I picked 5 years...that will make me 53.5 years of age....
     
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  14. sanj

    sanj Well-Known Member

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    If i sold out if everything and put it into something simple and income generating I could probably retire next year but dont see myself ever doing nothing and certainly not in the next 5 to 10 years. I enjoy what I do too much and there are so many things I want to do I haven't even started yet.

    The fun times have a long way to go yet
     
  15. joel

    joel Well-Known Member

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    I want the option to retire as soon as possible.
     
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  16. MTR

    MTR Well-Known Member Premium Member

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    Having choices in life...nice:)
     
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  17. See Change

    See Change Timing Lord Premium Member

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    Never

    Cliff
     
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  18. Biz

    Biz Well-Known Member

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    When the kids are independent. I haven't even finished reproducing yet so I am in for the long haul...
     
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  19. Dan Donoghue

    Dan Donoghue Well-Known Member

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    I used to say between 50 and 60 but with recent health issues (Cancer but all good, they chopped it out and now Chemo is cleaning up anything left behind) I am realising that life is too precious to spend it working, I ticked 5 years but I would like to make it three, I am 40 years old currently.

    See I always thought of myself as bullet proof and immortal, now I know that time may well be limited, I want to spend every day walking hand in hand on the beach with my wife, that to me is something I could spend the rest of my life doing very happily :).
     
  20. ellejay

    ellejay Well-Known Member

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    I resigned from my job this month but see it more like a mini retirement. I can't imagine not doing anything at all work wise for the rest of my life. I like the challenge, routine and social aspects of work. My plan is to eventually go back to casual part time stuff when I get bored with being on holiday. Combined with rental income that should provide the best of both worlds.
     
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